The acquisition is fully funded through a combination of external and internal sources.
Piab Group has acquired COVAL, a global business in vacuum automation components and systems. With more than 35 years of history, COVAL adds a solid portfolio of premium products, highly experienced and skilled employees, and many new customers to Piab Group. Through the acquisition, Piab Group is evolving automation by strengthening its position as an automation company.
The transaction is fully funded through a combination of external and internal sources.